Kandji, a US-based provider of enterprise management technology for Apple products, completed a $21m series A round yesterday featuring Okta Ventures, the $50m fund formed by identity management software provider Okta.
Venture capital firm Greycroft led the round, which included B Capital Group, the VC firm backed by consulting firm Boston Consulting Group, as well as existing investors including First Round Capital
Founded in 2018, Kandji has created a device management system for enterprise customers that exclusively use Apple hardware. The series A cash will be used to expand its enterprise features and grow its team.
The startup closed a $3.4m seed round in March 2019 that was led by First Round and backed by Webb Investment Network and angel investors Lee Fixel and John Glynn. It added $4m from unnamed investors in February this year according to a securities filing.
Monty Gray, senior vice-president of corporate development at Okta, said: “Kandji’s device management streamlines the most common and complex tasks for Apple IT administrators and enables distributed workforces to get up and running quickly and securely.
“With Okta Ventures, Okta is playing a critical role in accelerating innovation throughout the identity ecosystem. We look forward to working closely with the Kandji leadership team to support them as they solve critical challenges across the modern technology landscape.”
